Money-and-Financial-Mathematics Worksheets Year 5 Year Level-Displayed 58084 PDF

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Money-and-Financial-Mathematics Worksheets Year 5 Year Level-Displayed 58084 Money-and-Financial-Mathematics Worksheets Year 5 Year Level-Displayed 58084 Money-and-Financial-Mathematics Worksheets Year 5 Year Level-Displayed 58084...

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Year 5 – Money and Financial Mathematics – Questions

Name

Date

Creating a Financial Plan (A) Sam's October Budget Transactions

Credit

Monthly Pocket Money

$25.00

Pay – Mowing Lawns

$56.00

Debit

Birthday Money Phone Charges

$22.00

Entertainment

$30.00

School Supplies Lunch Money

$25.00

Bus Money

$12.00

Other

$20.00

Total

1

$126.00

$124.00

Use Sam's October Budget to answer these questions. a)

How much money did Sam have left at the end of October?

b) How much did Sam have to spend on school supplies? Write the amount on the budget. c)

How much birthday money did Sam receive? Write the amount on the budget.

d) Will Sam have enough money coming in to be able to spend the same amount in November? Explain your answer.

e)

Which of Sam's expenses do you think are necessary and have to be carried over to November's budget? Explain your answer.

NUMBER AND ALGEBRA

Year 5 – Money and Financial Mathematics – Questions

Name

Date

Creating a Financial Plan (B) Sam's November Budget Transactions

Credit

Monthly Pocket Money

$25.00

Pay – Mowing Lawns

$63.00

Debit

Phone Charges

$22.00

Entertainment

$20.00

School Supplies

$25.00

Lunch Money

$25.00

Bus Money

$12.00

Other

$20.00

Total

1

Use Sam's November Budget to answer these questions. a)

Sam made $32 babysitting in November. Write this in the correct place on the budget.

b) Fill in the credit total for November. c)

Fill in the debit total for November.

d) Did Sam make enough money to cover his expenses in November? e)

Name an expense that Sam can cut back on. How much does he need to reduce it by in order to have enough money to cover all expenses in November?

2

Write these transactions on the budget provided and add up the totals. a)

Transactions

Sam made $82 mowing lawns.

b) Sam spent $43 on a video game. c)

Sam received $15 from his aunt Millie.

d) Sam gave his friend $8 for lunch. e)

Sam bought a bus pass for $13. NUMBER AND ALGEBRA

Total

Credit

Debit

Year 5 – Money and Financial Mathematics – Answers

Creating a Financial Plan (A) – Answers Sam's October Budget Transactions Monthly Pocket Money

$25.00

Pay – Mowing Lawns

$56.00

Birthday Money

$45.00

Debit

Phone Charges

$22.00

Entertainment

$30.00

School Supplies

$15.00

Lunch Money

$25.00

Bus Money

$12.00

Other

$20.00

Total

1

Credit

$126.00

$124.00

Use Sam's October Budget to answer these questions. a)

How much money did Sam have left at the end of October? Sam had $2 left.

b) How much did Sam have to spend on school supplies? Write the amount on the budget. c)

How much birthday money did Sam receive? Write the amount on the budget.

d) Will Sam have enough money coming in to be able to spend the same amount in November? Explain your answer. No, because he received $45 for his birthday, which he doesn't get every month.

e)

Which of Sam's expenses do you think are necessary and have to be carried over to November's budget? Explain your answer. His school supplies, lunch money and bus money are necessary because he

needs those expenses to eat and go to school.

NUMBER AND ALGEBRA

Year 5 – Money and Financial Mathematics – Answers

Creating a Financial Plan (B) – Answers Sam's November Budget Transactions

Credit

Monthly Pocket Money

$25.00

Pay – Mowing Lawns

$63.00

Pay – Babysitting

$32.00

Phone Charges

$22.00

Entertainment

$20.00

School Supplies

$25.00

Lunch Money

$25.00

Bus Money

$12.00

Other

$20.00

Total

1

Debit

$120.00

$124.00

Use Sam's November Budget to answer these questions. a)

Sam made $32 babysitting in November. Write this in the correct place on the budget.

b) Fill in the credit total for November. c)

Fill in the debit total for November.

d) Did Sam make enough money to cover his expenses in November? No e)

Name an expense that Sam can cut back on. How much does he need to reduce it by in order to have enough money to cover all expenses in November? Sam can cut back on his entertainment expenses. He needs to cut it back to $16 to

have enough money.

2

Write these transactions on the budget provided and add up the totals. a)

Sam made $82 mowing lawns.

b) Sam spent $43 on a video game. c)

Sam received $15 from his aunt Millie.

Transactions Mowing Lawns

Credit $82

Video Game Money from Aunt Millie

Debit

$43 $15

Lunch

$8

d) Sam gave his friend $8 for lunch.

Bus Pass

$13

e)

Total

Sam bought a bus pass for $13. NUMBER AND ALGEBRA

$97

$64...